McRae's
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| McRae's | |
 |
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| Type | Department store |
|---|---|
| Founded | 1900 (Jackson, Mississippi) |
| Headquarters | Jackson, Mississippi |
| Industry | Retail |
| Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, housewares |
| Website | None |
McRae's was a mid-range regional department store chain with locations throughout the Southeastern United States, and founded and based in Jackson, Mississippi. The nameplate was in circulation for more than a century, eventually joining with Tennessee-based Proffitt's and ultimately sharing a corporate parent with Saks Fifth Avenue.
As Saks Incorporated sought repositioning as a more luxury retail-oriented operation, its mid-range chains became targets for sale. McRae's and Proffitt's, representing the Southern Department Store Group within Saks Incorporated, were among the first to sell. North Carolina-based Belk, the nation's largest privately-owned department store chain, was the buyer of the stores in a deal that closed in July 2005.
On March 8, 2006, most McRae's stores were converted into Belk stores, excluding locations in Tuscaloosa and Gadsden in Alabama that Saks retained to convert to its Parisian chain, and the Mall of Louisiana store in Baton Rouge that became Dillard's.
[edit] External links
- Details of the sale of McRae's to Belk from the Clarion-Ledger
- History of McRae's timeline
Store Conversions to Belk
2007: Parisian 2006: Proffitt's | McRae's
